Flying Money‏

[YR]

Flying Money is developing a Blockchain-based solution for creating and trading digital fiat-backed tokens. Flying Money currency tokens will be traded on major digital exchanges in order to settle trades, transfer funds and diversify crypto currency portfolios. The major problem with investing in crypto currencies has been their volatility. Flying Money tokens can reduce volatility by anchoring a digital currency to an equivalent bank deposit. The initial Currency Token to be issued will be USD called “USDf” followed by EURf, JPYf, AUDf, GBPf and CADf. All currency tokens will be backed 100% by an equivalent amount of fiat currency held in a bank account. Users will be able to buy and sell Flying Money Currency Tokens on digital markets globally, or create, or redeem tokens on our payment gateway.

https://www.flyingmoney.io/

[dillpicklechips]

This project has a great concept. The thing is, Flying money is still a crytocurrency so basically it means it is prone to volatility and reducing it through backing it up in fiat but still it depends on how huge the market will be.

Anyway, can you also attach to the OP the link to your ANN thread and (if you have) Bounty thread?

[motoprose]

Doesn't this sound a lot like what bitfinex tried to do with tether?

As soon as I saw the symbols usdf it made me think of theirs usdt.